From the bustling boardrooms of Tokyo, a top Japanese executive has given a thumbs-up to India’s manufacturing revolution. Hiroki Fujii, head of Mitsubishi Chemical Engineering Corporation, described ‘Make in India’ as Prime Minister Narendra Modi’s ‘fantastic initiative’ that promises to unlock the country’s vast economic potential.
In an interview with IANS on Sunday, Fujii dissected the policy’s strengths. ‘It is very well designed and serves as an effective policy,’ he affirmed, underscoring its role in fostering self-reliant growth.
The executive stressed balancing internal demand with global outreach. Domestic market expansion, he argued, is as vital as export ambitions for sustainable prosperity. This approach, Fujii believes, is key to India’s ongoing success story.
India’s economic surge over the last ten years stands out, especially against China’s decelerating pace. Maintaining 6-7% growth, India’s dynamism owes much to Modi’s strategic leadership, according to Fujii. ‘The current growth and dynamism in the Indian economy is largely due to Prime Minister Narendra Modi’s policies,’ he noted.
Looking ahead, Fujii is optimistic. ‘India’s economy will continue to grow like this in the coming times,’ he predicted.
Backing these views, the NXT Foundation’s latest India Progress Report reveals India vaulting past Japan with a $4.8 trillion GDP, achieving 8.2% growth – the world’s highest among major economies. This trajectory points to India soon becoming the third-largest economy globally.
Fujii’s praise highlights deepening Indo-Japanese ties, with ‘Make in India’ acting as a magnet for foreign investment. As Modi’s vision takes shape, India’s rise is redefining global economic maps.